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Wednesday, April 25, 2018

SPX Update: Last Update's Warning Proved Timely

Last update noted:

While this isn't a clear-cut pattern, we probably have to assume "bearish until proven otherwise," because the bull potentials of this type of pattern are somewhat limited.
There's no material change since the prior update, except to note that the near-term pattern suggests a possible inflection point in the 2590's:

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